4010 River Avenue
4010 River Avenue Newport Beach, California 92663 United States

$6,595,000
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THIS FIRST-CLASS LUXURY WATERFRONT VACATION RENTAL GETAWAY IS UNRIVALED AMONGST ITS SHORT-TERM RENTAL COMPETITORS, COMPLETE WITH PRIVATE OVERSIZED DOCK AND A PROVEN EXTRAORDINARILY STEADY FLOW OF YEAR-ROUND INCOME AND NOTHING BUT FIVE-STAR ONLINE...

Arbor Real Estate

Listing Courtesy of Arbor Real Estate
$6,595,000
Change Currency
.07 Acres
Exterior
Duplex Homes
Property type
1948
Year Built
NP21195146
Web Id
NP21195146
MLS ID
Newport-Mesa Unified
School District
35
days ago

About 4010 River Avenue

THIS FIRST-CLASS LUXURY WATERFRONT VACATION RENTAL GETAWAY IS UNRIVALED AMONGST ITS SHORT-TERM RENTAL COMPETITORS, COMPLETE WITH PRIVATE OVERSIZED DOCK AND A PROVEN EXTRAORDINARILY STEADY FLOW OF YEAR-ROUND INCOME AND NOTHING BUT FIVE-STAR ONLINE RATINGS FROM GUESTS; TRULY AN INVESTOR'S DREAM! Reissue of 2- Short-Term Rental (STR) Permits and 1- adjacent Mooring Permit Transfer are part of this rare offering. The property recently underwent a major renovation throughout, melding today's modern luxuries with a balance of elegance and casual coastal living accommodations that meet demanding expectations of even the most discerning guests. A convenient locale allows easy access to the open harbor for boaters, paddleboarders or kayakers and is just steps or a bike ride away from everything the famed Balboa Peninsula has to offer; the beach for some of the best surf around and beautiful parks, art galleries, upscale boutiques, fine dining and night life, while providing exclusive privacy and tranquility of a quaint residential community living experience. The coveted rare corner lot leverages E/W exposure into both units, while an adjoining tropical garden extends a greater sense of peace and space. Each unit features 3 BRs, 2 BAs, sweeping bay views overlooking the Rivo Alto canal, alfresco dining, natural gas BBQ grill, sunning/lounging/entertainment areas, natural gas firepit, spacious rms. with tasteful and comfortable furnishings, kitchen equipped for a chef, 1 car garage, HVAC system, natural gas fireplace in living room. LOWER UNIT-Sleeps 7- Approx. 1,291 sq.ft., lg. teak-like patio deck leading to private dock. UPPER UNIT-Sleeps 8- Approx. 1,509 sq.ft., lg. cantilevered deck. Occupy 1 unit (full or part-time) and rent the other, or rent both. This amazing owner-operated VRBO STR business was methodically designed and built by the sellers with two goals in mind: 1)to run a successful, efficient, streamlined business that would consistently deliver the finest available in STRs, 2)to exceed the average cap rate of their competitors; they achieved both. Neighborhood undergrounding of utilities is nearing completion. This meticulously curated and lucrative business investment comes with all furnishings, including operational/replacement items on hand, recreational bay/beach toys, separate lists of previous guests (many repeats) and wait list of bookings for 2022. This unique turnkey investment strategy awaits just one fortunate investor; will you be the one?

Listing Courtesy of Arbor Real Estate

Amenities

  • Fireplace(s)
  • View
  • Dock

features

cooling
Propane Heating
Parking
Garage
lot description
Corner Lot, Canal, Canal Front, Beach Access
Style
Cape Cod

PROPERTY INFORMATION

Appliances
Dryer, Washer
Cooling
Central Air
Fireplace Info
Living Room
Heating
Forced Air
Parking Description
Door-Multi, Garage, Garage Door Opener
Sewer
Public Sewer
View
Bay, Canal, City Lights, Panoramic
Water
Public

EXTERIOR

Exterior Features
Barbecue, Dock, Lighting, Rain Gutters
Lot Description
0-1 Unit/Acre, Corner Lot, Near Park

ADDITIONAL INFORMATION

Number of Units
2
Listing Courtesy of Arbor Real Estate
This Newport Beach Duplex Homes is for Sale at $6,595,000 USD and was built in 1948. Has on a lot of .07 Acres.

 

Arbor Real Estate

Listing Courtesy of Arbor Real Estate
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